Can You Retire Tax-Free?*

Certainly, it’s a big question. Is it possible? In a way, yes, if you choose the right financial tools, a tax-free* retirement is possible. For example, an IUL (indexed universal life) insurance policy may be able to help you. With an IUL, policyholders can have access to the cash value of their account, without paying taxes on that money.

Everyone’s situation is different. Be sure to reach out to us to schedule a meeting. We can discuss the options available to you and which one we think fits you best.

Why Tax-Free* Income is So Important

No one can predict changes in tax law. However, you probably have your theories about what will happen. If you believe that taxes will be higher in the future, you might want to start preparing now. Let’s say that taxes do, indeed, rise. Have you thought about all the ways that will impact you?

Not only could you lose much of your hard-earned money to taxes, but so could your beneficiaries when receiving their inheritance. If your money is in a lower-interest account, you may be losing more to taxes than you are gaining in interest, leaving you with not nearly enough money for your retirement. Whatever your beliefs about taxes are, being prepared for every possibility can help you lead a safe, stable retirement.

Think about which of your assets are taxable and which are non-taxable. An IUL is an example of a financial vehicle that can be accessed without a tax burden. However, certain retirement accounts require you to pay taxes on the withdrawals. Furthermore, there’s a certain point at which you have to withdraw the money, due to the required minimum distributions. And, in some accounts, your money may be at risk due to the fluctuations in the stock market.

An IUL, on the other hand, is protected from loss because it is not invested in the market. Interested in an IUL as a way to store your money? Did you know that you may even be able to “roll over” the money in some other retirement accounts into an IUL, without the money being taxed in the process? Reach out to us to learn more!

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Can You Retire Tax-Free* With an IUL?

To help determine if an IUL may be a viable option for you, you might want to ask yourself a few questions. We’ve listed some of these questions below. If any of them make you consider altering your current strategy, call us. We can help you decide for sure if an IUL policy is the right option for you. And, if not, there are other products you might not know about that could help you in a similar way.

Questions to Ask Yourself

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Reach Out to Us

Bottom line: Can you retire tax-free?* Finding ways to earn tax-free* income can greatly benefit you in retirement. An IUL may be able to provide you and your family with this benefit. Reducing the tax burden may be able to increase your income over the long term, without taking any financial risks during retirement. Contact us to learn more about this.

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